During 2016 we completed a review and update of the software used for our online remuneration survey, MHR RemData. The updated system was used successfully for the September 2016 update, and was well-received by users.

One of the many challenges faced by owners and managers in SMEs is accurately setting pay levels for employees without compromising the financial health of the business. For some managers it may be tempting to rely on local knowledge, and set remuneration based largely on personal knowledge and anecdotal evidence. But there are risks in this.